Introducing mStable – meta-assets with native yield and zero slippage swaps
Read on the DeFi Pulse Blog

Total Value Locked (USD)

$2.23B

Compound Dominance

30.48%

Total Value Locked (USD) in DeFi

  • TVL (USD)
  • ETH
  • BTC
  • DAI
  • All
  • 1 Year
  • 90 Day
  • 30 Day
  • 7 Day
defipulse chart
deversifi ad
All
Lending
DEXes
Derivatives
Payments
Assets
defipulse small logoNameChainCategory1 Day %
🏆
1.
Compound
Ethereum
Lending
$679.8M
2.15%
🥈
2.
Maker
Ethereum
Lending
$624.4M
1.01%
🥉
3.
Synthetix
Ethereum
Derivatives
$396.3M
-0.35%
4.
Balancer
Ethereum
DEXes
$175.2M
-0.16%
5.
Aave
Ethereum
Lending
$168.5M
10.28%
6.
InstaDApp
Ethereum
Lending
$133.8M
6.76%
7.
WBTC
Ethereum
Assets
$103.0M
0.30%
8.
Curve Finance
Ethereum
DEXes
$72.1M
0.55%
9.
Flexa
Ethereum
Payments
$63.2M
9.63%
10.
dYdX
Ethereum
Lending
$35.8M
-0.19%
11.
RenVM
Ethereum
Assets
$31.3M
1.08%
12.
Bancor
Ethereum
DEXes
$21.1M
4.10%
13.
Set Protocol
Ethereum
Assets
$15.7M
-0.89%
14.
Uniswap V1
Ethereum
DEXes
$12.8M
-0.67%
15.
Lightning Network
Bitcoin
Payments
$9.2M
0.33%
16.
Loopring
Ethereum
DEXes
$9.2M
5.31%
17.
Kyber
Ethereum
DEXes
$7.3M
0.33%
18.
Nexus Mutual
Ethereum
Derivatives
$7.0M
16.95%
19.
DeversiFi
Ethereum
DEXes
$3.1M
6.41%
20.
DDEX
Ethereum
Lending
$2.8M
-2.12%
21.
dForce
Ethereum
Assets
$2.5M
-0.38%
22.
Nuo Network
Ethereum
Lending
$2.3M
1.22%
23.
Erasure
Ethereum
Derivatives
$2.3M
-1.19%
24.
RAY
Ethereum
Lending
$1.8M
-0.51%
25.
MCDEX
Ethereum
Derivatives
$1.8M
3.62%
26.
Dharma
Ethereum
Lending
$1.4M
-1.64%
27.
Melon
Ethereum
Assets
$1.1M
1.15%
28.
Opyn
Ethereum
Derivatives
$1.1M
-3.51%
29.
bZx
Ethereum
Lending
$754.2K
0.50%
30.
Augur
Ethereum
Derivatives
$380.0K
-0.08%
31.
xDai
Ethereum
Payments
$54.8K
-0.39%
32.
Veil
Ethereum
Derivatives
$30.8K
-0.08%
33.
Connext
Ethereum
Payments
$12.7K
-0.41%

What is DeFi?

DeFi is an abbreviation of the phrase decentralized finance which generally refers to the digital assets and financial smart contracts, protocols, and decentralized applications (DApps) built on Ethereum. In simpler terms, it's financial software built on the blockchain that can be pieced together like Money Legos. Read more about DeFi.

What’s the purpose of DeFi Pulse?

DeFi Pulse is a site where you can find the latest analytics and rankings of DeFi protocols. Our rankings track the total value locked into the smart contracts of popular DeFi applications and protocols. Additionally, we curate The DeFi List, a collection of the best resources in DeFi.

How do we calculate total value locked (TVL)?

DeFi Pulse monitors each protocol’s underlying smart contracts on the Ethereum blockchain. Every hour, we refresh our charts by pulling the total balance of Ether (ETH) and ERC-20 tokens held by these smart contracts. TVL(USD) is calculated by taking these balances and multiplying them by their price in USD.

How do I get involved in DeFi?

Decentralized finance is open for anyone to take part in. You can start by exploring the resources found on The DeFi List. And if you’re looking to dive head first into the world of DeFi, we’ve written a beginner’s guide called Zero to DeFi. It will teach you the basics, guiding you through how to start earning passive income via DeFi lending services.

How do I get my project listed on DeFi Pulse?

The first step to getting listed on DeFi Pulse is to apply to be listed on The DeFi List. You can find more information about the listing process here.